Malaysia

Warisan welcomes MACC probe, Shafie defends AirAsia loan

Former CM says the RM300 million is part of Sabah’s plan to help supplement income for farmers

Updated 5 years ago · Published on 28 Oct 2020 6:08PM

Warisan welcomes MACC probe, Shafie defends AirAsia loan
Former chief minister Datuk Seri Mohd Shafie Apdal today welcomed MACC’s investigation into Sabah Development Bank’s RM300 million loan to AirAsia Group. – The Vibes file pic, October 28, 2020

by Jason Santos

KOTA KINABALU – Former chief minister Datuk Seri Mohd Shafie Apdal today welcomed the Malaysian Anti-Corruption Commission (MACC) investigation into Sabah Development Bank’s (SDB) RM300 million loan to AirAsia Group. 

Shafie, who is also former state finance minister and Warisan chief, said he has nothing to hide, adding that the loan was not approved overnight and that the state-owned SDB “did their homework before approving it”. 

“AirAsia is a firm registered with Bursa Malaysia, therefore any transaction valued at RM300 million would need approval after all lending requirements are met. 

“The budget carrier has a plan that would benefit Sabah and targeted to offer 100,000 jobs in the state,” he said in a statement today. 

Aside from establishing an e-commerce platform for Sabah farmers, AirAsia is setting aside RM110 million to develop the Kota Kinabalu International Airport as its international hub, Shafie said. 

He said the airline’s plan was in line with the Sabah Agriculture Development Action Plan 2021-2030 that was launched by the previous Warisan administration to transform the state’s agriculture industry and enhance national food security. 

He added as then chief minister he felt that the state should not rely only on Malaysia Airlines but other carriers should be given a chance to grow. – The Vibes, October 28, 2020

Related News

Malaysia / 2w

IJM Corp confirms Krishnan Tan cleared from MACC investigations

Malaysia / 2w

Rafizi at MACC again, hands over documents, gives voluntary statement

Off beat / 3w

AirAsia pilot executes dramatic landing amid intense Taiwan crosswinds (video)

Malaysia / 3w

Azam Baki clocks out of MACC headquarters for last time

Malaysia / 3w

Former officer to Teresa Kok, suspected of accepting RM500k bribe, expected to be charged tomorrow

Business / 4w

Airbus A220 deal will cost US$19 billion - Fernandes

Spotlight

Malaysia

Former head of a ministry's corporate communications unit acquitted of bribery charge

Malaysia

Two sisters die trapped in Johor house fire as escape routes cut off by flames

Malaysia

NS election speculation intensifies as Aminuddin granted audience with state ruler

Malaysia

Teenager who drove recklessly, causing death remanded for further investigation

Malaysia

Police looking for trio involved in violent armed robbery in Penang (video)

Malaysia

Family of five killed as car crashes into water pipe in Serian

Malaysia

'I was once spat on by a pakcik' — Marina denies fear of contesting Malay-majority seats

Malaysia

Jewellery shop among six premises destroyed in fire (video)

You may be interested

Malaysia

Govt sees relief in lower US tariff proposal as exporters brace for competitive pressures

Malaysia

Negeri Sembilan PH state assemblymen meet at MB's residence

Malaysia

Malaysia emerges as lucrative base for transnational scam syndicates, claims NGO

Malaysia

Future cooperation between PAS and Bersatu determined next Monday - Annuar Musa

Malaysia

Woman pleads guilty to causing death of newborn daughter

Malaysia

Guan Eng suggests BSN to handle MSME loans for non-Malay businesses to expand access

By Ian McIntyre

Malaysia

Two killed in three-vehicle crash involving cars and bus in Baling

Malaysia

No early Penang polls as state prioritises voters’ mandate over electoral synchronisation

By Ian McIntyre